Saudi Electricity mandates HSBC, Samba Capital for sukuk

From Reuters: State-controlled Saudi Electricity Co has appointed HSBC and Samba Capital as lead arrangers for its Islamic bond, or sukuk, to raise up to $1.9 billion, said two bankers familiar with the matter on Wednesday.
Samba Capital is the investment banking arm of Saudi based Samba Financial Group, the second largest Saudi lender by market value…………………………………Full Article: Source